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Sep 30, 2020
Paylocity Q1 2021 Earnings Report
Reported a strong start to fiscal year 2021 with revenue growth and continued momentum in the sales team.
Key Takeaways
Paylocity announced financial results for the first quarter of fiscal year 2021, which ended September 30, 2020. The company reported an 11% increase in recurring and other revenue and a 7% increase in total revenue.
Q1 2021 Recurring & Other Revenue increased by 11% year-over-year.
Q1 2021 Total Revenue increased by 7% year-over-year.
Sales team performed well and gained momentum during the Fall selling season.
Premium Video was added, increasing PEPY from $400 to $420.
Paylocity
Paylocity
Paylocity Revenue by Segment
Revenue by Segment
Recurring & Other Revenue
CapyFin.com Forward Guidance
Paylocity is issuing guidance for the second quarter of fiscal year 2021.